Too soon to declare victory on inflation front: ECB's Constancio
FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, June 28, 2015. REUTERS/Ralph Orlowski/File Photo
FRANKFURT (Reuters) - It is too soon for the European Central Bank to declare victory in its effort to raise euro zone inflation back to its target, the ECB's vice president said on Thursday.
"The euro area is experiencing a resilient recovery, sustained by monetary policy," Constancio said.
"But it is too soon to declare complete success: we have yet to secure a sustained convergence in inflation towards our goal of close to but below 2 percent over the medium term."
(Reporting By Francesco Canepa, editing by Larry King)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Michigan cyclosporiasis cases rise by 368 in a week to 14,277
- Fed's Musalem says won't prejudge rate call view for September FOMC - CNBC
- Norway boosts defence footprint with expansion of Arctic brigade
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share